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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Story of Dhammika Perera

Story of Dhammika Perera

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21Story of Dhammika Perera - Page 2 Empty Re: Story of Dhammika Perera Mon Jun 27, 2011 1:47 pm

Rajitha


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@sniper_kay wrote:How can you even compare DP to Liberty lady? Do you know the number of people studying with DP's money? Do you know the CSRs he has done? He takes the fool's(gamblers) money and spend it on poor. Gamblers gambling is their foolishness. DP is brave enough to use that money on good causes.

DP has done so much for the needy, even his close business circle does not know. He does not want popularity for the good he does. He does it because he is good at heart.

This is my personal opinion.

So you know from how many people he shamed money from using Slot machines before they were banned?
Do you know how many people loose their fortune in his casinos now? People don't publish those as well! In your theory even the people who earn by importing heroin and such stuff also are correct as its the guy who's using to blame not them importer and distributors!

Also are you so naive to think he only used the cash from that guys profit 500 for his business?? His uncle was rich and a mum who would give Rs 500 to buy shoes in those times ( over Rs 5000 now) must be crazy rich or something does not add up! This is just an anecdote for the retard!

22Story of Dhammika Perera - Page 2 Empty Re: Story of Dhammika Perera Mon Jun 27, 2011 2:07 pm

sniper_kay


Equity Analytic
Equity Analytic
First of all, DP does not need an anecdote from anyone. He has reached a height with his hard work and clever thinking. Again, this is my personal view and those who cannot accept it can call themselves retards!

23Story of Dhammika Perera - Page 2 Empty Re: Story of Dhammika Perera Mon Jun 27, 2011 2:17 pm

sniper_kay


Equity Analytic
Equity Analytic
Mr. Rajitha, I have seen your posts, you give us a different view point on topics which helps us to think differently. But please do not use abusive language. This chases people away from good topics. This is my humble request.

24Story of Dhammika Perera - Page 2 Empty Re: Story of Dhammika Perera Mon Jun 27, 2011 3:44 pm

wallstreetguy


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Some people dont get the point here.

This shows, a man who is ambitious is capable is doing anything.
And sadly most of us are lazy people. Who always do best at complaning and finding fault and heating the seat which we sit in . I find this man which I look up to personally.

It doesnt matter what a man does to make his living. As long as it isnt prostituion or drug dealing.
DP used his mind very well and used one path. which wasnt illegal at that time of life which was gambling. He took oppurtunities. It was few years back gambling became illegal, and now its legal.

In this world we live in, even if we ahve so much money, there are some things which are not available to satify us. People who chose to gamble wasnt forced in. It shows clearly it was greed of those people.
Maybe some have lost everything, they should have thought about it before entering.

Sheldon Aldeson, Owner of LAS Vegas Sands, who recently built Marina Bay Sands in singapore. It was an oppurtunity he saw at that time. There are many Big time tycoons. And Dhammika Perera is one of them. So you cant blame anyone.

Appreciate for where he is now, be happy atleast we have big time billionaires in SRI LANKA, our motherland. . . .

25Story of Dhammika Perera - Page 2 Empty Re: Story of Dhammika Perera Mon Jun 27, 2011 5:22 pm

BenZ


Manager - Equity Analytics
Manager - Equity Analytics
His money and wealth is becoming transparent now with the CSE Listed companies and new listing of his companies.

Compared to HJ, DP's stakes in companies are very visible and transparent. DP trying to bring his black money to white. At least we should respect to that.

Personally i dont like his way of become Rich, but i'm proud of him because he is trying hard to push our Economy to the top of Asia now. He is likely to be come over PB's spot sooner.

I wish him All the best to push our economy to the top of Asia.

26Story of Dhammika Perera - Page 2 Empty Re: Story of Dhammika Perera Mon Jun 27, 2011 5:37 pm

RockStock


Manager - Equity Analytics
Manager - Equity Analytics
@BenZ wrote:His money and wealth is becoming transparent now with the CSE Listed companies and new listing of his companies.

Compared to HJ, DP's stakes in companies are very visible and transparent. DP trying to bring his black money to white. At least we should respect to that.

Personally i dont like his way of become Rich, but i'm proud of him because he is trying hard to push our Economy to the top of Asia now. He is likely to be come over PB's spot sooner.

I wish him All the best to push our economy to the top of Asia.


I'm Sure He's on track to push his economy to the top of ASIA.Within 2-3 years his businesses surely will make him top of Sri Lanka, Yes whole country will be benefited too

27Story of Dhammika Perera - Page 2 Empty Re: Story of Dhammika Perera Mon Jun 27, 2011 5:45 pm

dilz


Equity Analytic
Equity Analytic
he is the richest man in SL

28Story of Dhammika Perera - Page 2 Empty Re: Story of Dhammika Perera Mon Jun 27, 2011 6:09 pm

econ

econ
Global Moderator
Gambling is legel business in Sri Lanka . isn't it?
if so he is doing legal business.
I wonder how much responsibilities he has now..
he is a government ministry secreatry now and a chairman/director of many companies.

still he is earger to invest in many companies..

29Story of Dhammika Perera - Page 2 Empty Re: Story of Dhammika Perera Mon Jun 27, 2011 7:01 pm

Hiru


Manager - Equity Analytics
Manager - Equity Analytics
It seems that he is an opportunity seeker and he has been exploiting all the opportunities he could find so far.

I think we better start think in a similar way without finding fault in successful persons' life.

As far as i know, Nimal Perara is the most strategically sound person and he is the pillar of recent successes of DP because DP has not been sounding in his decisions until he met NP. NP is more industrious and determined than DP.

30Story of Dhammika Perera - Page 2 Empty Re: Story of Dhammika Perera Mon Jun 27, 2011 7:19 pm

insidertrader


Manager - Equity Analytics
Manager - Equity Analytics
wallstreetguy and all, Shame on you. Looks like you people will do anything if it's profitable to you. You people deserve to loose all your money in this market.

31Story of Dhammika Perera - Page 2 Empty Re: Story of Dhammika Perera Mon Jun 27, 2011 7:34 pm

Rajitha

Rajitha
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
WOW at the amount of Hypocrites here!

People here posting how great that he is exploiting all the opportunities and the gamblers are to blame for loosing money.
These are the same guys who are blaming the people who promote crappy and manipulated stocks and also when some people do insider trading or making the market come down shouting "NOTTTTTT FAIRRR". I have seen countless posts here blaming the current market situation and insider traders or manipulators.
Seems its great when MR DP does it but not when its been done against you!!!
As I said huge hypocrites that will sell their own mother to earn a buck but only see the down side if them self is the victim!!

32Story of Dhammika Perera - Page 2 Empty Re: Story of Dhammika Perera Mon Jun 27, 2011 7:57 pm

wallstreetguy


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
I respect everyones opinions here.
They say, not to use emotions when trading in the market, It applies to the business what your doing.


like the say, its nothing personal. Its stictly business.
And there is much potential from DP, determination. He is only in his 40's and look what he has achieved.

in his case, he earns money every minute while we speak.

33Story of Dhammika Perera - Page 2 Empty Re: Story of Dhammika Perera Mon Jun 27, 2011 8:05 pm

rijayasooriya

rijayasooriya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Is there anypoint discussing this matter furthur?
Some like him....
Some dislike him...
Some like and dislike him....

34Story of Dhammika Perera - Page 2 Empty Re: Story of Dhammika Perera Mon Jun 27, 2011 8:12 pm

insidertrader


Manager - Equity Analytics
Manager - Equity Analytics
Putting away the news item what's important is, it shows the sentiments of the Sri Lankan investors of the 'dharmishta rajjaya'. If the LTTE diaspora says we'll spend millions of dollars and buy your worthless shares if you support the channel 4 campaign, these people will support them with all their might. As they say "not to use emotions when trading in the market, It applies to the business what your doing." Like they say "its nothing personal. Its stictly business." These people really deserve to loose everything. Why do government protect these greedy creatures. Let it crash.



Last edited by insidertrader on Mon Jun 27, 2011 8:15 pm; edited 1 time in total

35Story of Dhammika Perera - Page 2 Empty Re: Story of Dhammika Perera Mon Jun 27, 2011 8:13 pm

swan03


Vice President - Equity Analytics
Vice President - Equity Analytics
@rijayasooriya wrote:Is there anypoint discussing this matter furthur?
Some like him....
Some dislike him...
Some like and dislike him....

Exactly.

36Story of Dhammika Perera - Page 2 Empty Re: Story of Dhammika Perera Mon Jun 27, 2011 8:27 pm

wallstreetguy


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@insidertrader wrote:Putting away the news item what's important is, it shows the sentiments of the Sri Lankan investors of the 'dharmishta rajjaya'. If the LTTE diaspora says we'll spend millions of dollars and buy your worthless shares if you support the channel 4 campaign, these people will support them with all their might. As they say "not to use emotions when trading in the market, It applies to the business what your doing." Like they say "its nothing personal. Its stictly business." These people really deserve to loose everything. Why do government protect these greedy creatures. Let it crash.

You have got a bit personal on this matter and been offensive. A bit dramatic aswell. . And what your saying isnt relevant and not applicable.

Please respect other peoples opinions.
like rijayasooriya , is there any point of talking about it.

Happy Trading everyone.

37Story of Dhammika Perera - Page 2 Empty Re: Story of Dhammika Perera Mon Jun 27, 2011 8:56 pm

Hiru


Manager - Equity Analytics
Manager - Equity Analytics
@Rajitha wrote: WOW at the amount of Hypocrites here!

People here posting how great that he is exploiting all the opportunities and the gamblers are to blame for loosing money.
These are the same guys who are blaming the people who promote crappy and manipulated stocks and also when some people do insider trading or making the market come down shouting "NOTTTTTT FAIRRR". I have seen countless posts here blaming the current market situation and insider traders or manipulators.
Seems its great when MR DP does it but not when its been done against you!!!
As I said huge hypocrites that will sell their own mother to earn a buck but only see the down side if them self is the victim!!

I think I have written several times against manipulations in CSE and still against that.

As all can see, there are people who use all manipulated rally's to earn something for them, but they are not the manipulators. They have been successful in gaining at manipulated rally's because they have sharp eyes than the others. Like in the same way DP seems to have identified opportunities in the society while others are blind.

Furthermore, he has used constructively all the loopholes in Sri Lankan society. In my views, its not illegal thing to use loopholes in existing systems.

For Example:All income tax payers are interested to find loopholes and sometimes they pay for tax consultants to find loopholes for them, is that wrong? If they are wrong how much would be wrong the tax authority, which creates loopholes?

38Story of Dhammika Perera - Page 2 Empty Re: Story of Dhammika Perera Mon Jun 27, 2011 9:19 pm

insidertrader


Manager - Equity Analytics
Manager - Equity Analytics
@wallstreetguy wrote:
You have got a bit personal on this matter and been offensive. A bit dramatic aswell. . And what your saying isnt relevant and not applicable.

Please respect other peoples opinions.
like rijayasooriya , is there any point of talking about it.

Happy Trading everyone.

No wallstreeguy I'm sorry if my posts offended you in anyway. Smile Hope no hard feelings. Its nothing personal, strictly business. Smile

At the end I think this is one of the important discussions in this forum. Some media columns used portray a poor and innocent retail investor who was wrongfully robbed of their money by the manipulators. But this discussion will give a new meaning, the views and sentiments of those people, the ethics and moral qualities of the typical investor and whether they deserve any pity.

39Story of Dhammika Perera - Page 2 Empty Re: Story of Dhammika Perera Mon Jun 27, 2011 9:25 pm

rijayasooriya

rijayasooriya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@insidertrader wrote:
@wallstreetguy wrote:
You have got a bit personal on this matter and been offensive. A bit dramatic aswell. . And what your saying isnt relevant and not applicable.

Please respect other peoples opinions.
like rijayasooriya , is there any point of talking about it.

Happy Trading everyone.

No wallstreeguy I'm sorry if my posts offended you in anyway. Smile Hope no hard feelings. Its nothing personal, strictly business. Smile

At the end I think this is one of the important discussions in this forum. Some media columns used portray a poor and innocent retail investor who was wrongfully robbed of their money by the manipulators. But this discussion will give a new meaning, the views and sentiments of those people, the ethics and moral qualities of the typical investor and whether they deserve any pity.
This is important discussion.What I said is Is there any point discussing this FURTHUR

40Story of Dhammika Perera - Page 2 Empty Re: Story of Dhammika Perera Mon Jun 27, 2011 11:05 pm

ISURU

ISURU
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@StocksWatch wrote:This is an article published in 2002.

From Rs 500 to a billionaire
The Dhammika Perera story

By Paneetha Ameresekere

Businessman Kulappuarachige Don Dhammika Perera’s story is somewhat similiar to the success stories of entrepreneurs of the calibre of Maliban Mudalali.

Venturing out into business at the tender age of 19 with no entrepreneurial background and not having the right connections nor the right social background as it were, and starting-out with only Rs 500 in his pocket, now, 15 years later, and in his prime of life at 34, his investments include banks, power projects, casinos, hotels and ships, worth several hundred millions, if not billions of rupees.

Perera’s achievements are many. He operates three successful casinos in the heart of Colombo, owns two cargo ships, is the single biggest shareholder of NDB with a 9% stake, has a 10% stake in PAB Bank (formerly Pan Asia Bank), a 29% stake in Royal Ceramics, a 20% stake in LB Finance, a 51% stake in Connaissance- in addition to serving in the main boards of those companies, owns two power projects, and the list goes on.

‘My investments in the stockmarket (his investments in NDB, Royal Ceramics, LB Finance and Connaissance were all made last year and this year) were possible in part, if not wholly, due to the support I received from Seylan Bank and Ceylinco consolidated chairman Lalith Kotelawala and Sampath Bank chairman Edgar Gunatunga and its managing director Anil Amarasuriya,’ says Perera.

‘When I wanted Rs 60 million from Seylan Bank to invest in NDB and Royal Ceramic shares last year, Kotelawala offered me Rs 240 million-a four fold increase,’ he said. And this year, when I wanted Rs 50 million from Sampath Bank, they offered me Rs 150 million instead, added Perera.

He invested in NDB by buying those shares at prices ranging from between Rs 20-60 a share. At present those shares command a price of Rs 90 a share. He further said that virtually all of his investments were providing him with a return higher than the interest charged by the banks on his loans. ‘I have no foreign partners. All of these monies required for my investments have been generated locally,’ he says. Perera attributes his success to hard work.

His life story is something like reading a story from one of those fairy tale books. ‘When I was 19, this was in 1987, my mother gave me Rs 500 to buy me a pair of shoes. At that time I had qualified to follow an NDT course on electrical and electronics at Moratuwa University.

But by then the JVP troubles had broken out and Campus was more closed than open. I’m from Paiyagala, Kalutara, having had my education at Taxila Vidyalaya, Horana. At that time I was living with my uncle who was running a cafe at Pettah.

There was a pavement hawker operating in front of my uncle’s restaurant. Instead of buying a pair of shoes, I lent him that Rs 500 on the understanding that he conducts his business on a profit sharing basis with me.

The life of a pavement hawker is a hard one. He starts his work early in the morning and continues till evening. He does not have time to relieve hinself nor does he have time to have his meals while hawking his goods. The only time he is free is when dusk sets in. Then he winds up his business for the day, said Perera.

So, this tie-up with this hawker brought me a return of Rs 200 on a daily basis, while my capital inveetment of Rs 500 remained in tact. This operation went on for three months, during which period I made a clear profit of Rs 74,000.

Then, I turned my hand to slot machines or jackpot machines as they are commonly known. I borrowed five such machines from Lal Wijeratne of Grayline Group.I had them installed at my uncle’s cafe in the Pettah-it was called Isurugiri Hotel.

My arrangement with Wijeratne was that I would keep 30% of the takings, while the balance 70% was for him. This was a successful business partnership. ‘But I was restless.’ I wanted to learn the technology of these slot machines.

Therefore I took wing to Taiwan to follow a six month technical course. This was in 1988 and I was 20 yearl at that time. By then I had dropped out from Moratuwa University.

But I returned from Taiwan in three months.Because it took me only that much of time to assmilate that technology. Then I started making my own slot machines and had them operable in his uncle’s cafe. As a result, all of the takings made from these machines were for me. There was no question of giving 70% of the share to the landlord, because I was now the landlord.

By then I had made enough money, enough to buy over my uncle’s cafe. And at 23, that was in 1991, I had millions and millions in my kitty, with 285 machines in operation.

But disaster struck in 1991. Ranasinghe Premadasa who was the president at that time imposed a ban on jackpot machines.Then What did you do? ‘I opened a car sales centre at my home in Paiyagala,’ said Perera. I called it Anuradha Traders. Currently we have four showrooms-at Kirullapane, Negombo, Kandy and Peliyagoda. I also ventured out into property development.

In 1993 I started my own casino business at Isurugiri. I called it Capricorn.

You see there are four major games played in a casino. Three of them are card games-Black Jack, Baccarat and Porker, and the other Roullete. Then in 1995 I opened up the MGM casino in Colombo-Iwas 27 at that time and followed it up by opening Ballys in 1996 and Bellagio in 1998.

The reason I have restricted entry into my casinos to only foreigners is because it is messy when the doors are also open to locals. ‘You know that shooting incident at the Carlton in 1998 which resulted in the death of Fijian ruggerite Joel Pera? So I feel that it is better to be safe than sorry. Therefore I have imposed these restrictions.

Most of the foreigners who patronise my casinos are Chinese, either from the mainland or Hong Kong or Singapore, says Perera. Meanwhile, with the government’s plan to create a Casino City at Bentota under the ‘2002 Tourism Masterplan,’ and ‘clear’ Colombo of all Casinos, I asked Perera whether he was ready to meet this change.

‘We are ready for it’? he said. I shall be startng a casino at Bentota. It will be called Ballys. It will be equipped with all the modern technology, he said. Referring to his other business ventures, Perera said that in 1998 he started his shipping business, investing $ 1.8 million in two cargo ships.

‘One does the Colombo-Tuticorin run and the other the Dubai-Indonesian run,’ he said. And the two power project? a 10 mega Watt (mW) hydro electric power project (HEPP) costing Rs 600 million at We Ganga in the Kahawatte Plantations. This project is expected to be commissioned in another 11 months time.

For this purpose, Perera has floated a company called Didu, of which Vallibel Holdings, a company wholly owned by Perera, has a 90% stake.’I got this name Vallibel from a friend in Singapore,’ says Perera.

‘My aim is make Vallibel, a public quoted company,’ he says. And I’m working towards achieving this goal in a couple of years time. The two power companies, Didu and the other Erathana Hydro Power Company will be floated by the end of next year, added Perera.

The Erathana project is located at Erathna Kuru Ganga in the Kuruwita area. Erathna too is a 10 mW HEPP and is 100% owned by Vallibel. It is being funded by a consortium of banks comprising DFCC Bank, Private Sector Infrastructure Development Corporation, Sampath Bank and Commercial Bank.

In addition, Perera also runs a retail clothing store called Beverly Street at Duplication Road, Colombo, which is open 24 hours of the day. With regard to his investment in Connaissance, which owns the La Kandyan and the Culture Club hotels, Perera feels a restructuring is necessary to make them viable concerns.

‘We also have plans to open up hotels down South and at Trincomalee (capitalising on the peace dividend). But our scouting around down South to find a property for our hotel project has so far been disappointing. A main reason for this is the shanties that litter the beach. ‘One cannot expect a tourist to pay $ 100 for a room, if, when, he looks out from his window he sees a row of shanties with people relieving themselves on the beach,’ said Perera.

On his investments in the stock market? I don’t believe in holding onto my investments. if they don’t provide me with an adequate return I shall exit from such investments, he says. ‘Like I said earlier, my investment cost in investing in shares in NDB were in the region of Rs 30-Rs 60 a share. And now those shares command a price of Rs 90. As an example, not that I’m saying that I will do it. But if I do wish to, I can always exit from such a company at a profit if I feel that I’m not getting an adequate return,’ said Perera.

Royal Ceramics? It is a profitable venture, yielding a monthly turnover of Rs 100 million. Failures? Having to close an electronics company in 1995 and the poor performance of another company located at Mutwal which manufactures computer forms.

Regrets? Of not studying enough. Plans? Period of consolidation. On the current economic situation? The government is on track and the economy will kick-off with the peace process seemingly working. Drawbacks? Too many holidays. People don’t work hard.

What is needed is for people to think positively. Government can’t go on giving hand-outs. We have to work. ‘I don’t think most of those employed in the public sector in particular work eight hours a day, he says. And from the government’s side? Greater transparency is required.

http://www.island.lk/2002/12/17/busine01.html
Wow remarkable

41Story of Dhammika Perera - Page 2 Empty Re: Story of Dhammika Perera Wed Jun 29, 2011 7:38 pm

uditha9


Manager - Equity Analytics
Manager - Equity Analytics
@wallstreetguy wrote:Some people dont get the point here.

This shows, a man who is ambitious is capable is doing anything.
And sadly most of us are lazy people. Who always do best at complaning and finding fault and heating the seat which we sit in . I find this man which I look up to personally.

It doesnt matter what a man does to make his living. As long as it isnt prostituion or drug dealing.
DP used his mind very well and used one path. which wasnt illegal at that time of life which was gambling. He took oppurtunities. It was few years back gambling became illegal, and now its legal.

In this world we live in, even if we ahve so much money, there are some things which are not available to satify us. People who chose to gamble wasnt forced in. It shows clearly it was greed of those people.
Maybe some have lost everything, they should have thought about it before entering.

Sheldon Aldeson, Owner of LAS Vegas Sands, who recently built Marina Bay Sands in singapore. It was an oppurtunity he saw at that time. There are many Big time tycoons. And Dhammika Perera is one of them. So you cant blame anyone.

Appreciate for where he is now, be happy atleast we have big time billionaires in SRI LANKA, our motherland. . . .
great. i fully agree with you

42Story of Dhammika Perera - Page 2 Empty Re: Story of Dhammika Perera Fri Dec 02, 2011 11:21 pm

amilaela

amilaela
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
wow

https://www.facebook.com/profile.php?id=100001851586843

43Story of Dhammika Perera - Page 2 Empty Re: Story of Dhammika Perera Sat Dec 03, 2011 4:11 am

Sasanka De Silva

Sasanka De Silva
Manager - Equity Analytics
Manager - Equity Analytics
In many Biographies, we only get to hear a fraction of truth but who is interested in knowing the truth today. Embarassed

44Story of Dhammika Perera - Page 2 Empty Re: Story of Dhammika Perera Sat Aug 18, 2012 10:15 am

SEOLC


Stock Trader
What a wonderful story whatever they are saying he got the top Very Happy

http://www.seolocalcafe.com/

45Story of Dhammika Perera - Page 2 Empty Re: Story of Dhammika Perera Sat Aug 18, 2012 11:16 am

Whitebull


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@SEOLC wrote:What a wonderful story whatever they are saying he got the top Very Happy

Good Good timely reminder Laughing Laughing Laughing

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